National Bank of Canada FI Makes New $2.05 Million Investment in Triumph Group, Inc. (NYSE:TGI)

National Bank of Canada FI acquired a new stake in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 110,000 shares of the aerospace company's stock, valued at approximately $2,053,000. National Bank of Canada FI owned about 0.14% of Triumph Group as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of TGI. State Street Corp increased its holdings in shares of Triumph Group by 7.8% during the 3rd quarter. State Street Corp now owns 4,447,835 shares of the aerospace company's stock valued at $57,333,000 after purchasing an additional 322,048 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Triumph Group by 124.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company's stock worth $43,259,000 after acquiring an additional 1,286,568 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Triumph Group by 17.9% during the fourth quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company's stock valued at $34,145,000 after purchasing an additional 277,333 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Triumph Group by 8.1% during the third quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company's stock worth $22,340,000 after purchasing an additional 129,391 shares in the last quarter. Finally, American Century Companies Inc. acquired a new stake in shares of Triumph Group in the fourth quarter worth approximately $30,845,000. Hedge funds and other institutional investors own 94.53% of the company's stock.

Triumph Group Trading Up 0.6 %

Shares of Triumph Group stock traded up $0.15 during trading hours on Monday, hitting $24.85. 150,906 shares of the company were exchanged, compared to its average volume of 1,176,340. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 3.45 and a beta of 2.13. The business has a 50-day moving average of $25.25 and a 200-day moving average of $20.08. Triumph Group, Inc. has a 1 year low of $11.01 and a 1 year high of $25.55.

Triumph Group (NYSE:TGI - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. As a group, research analysts anticipate that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on TGI. Barclays downgraded shares of Triumph Group from an "overweight" rating to an "equal weight" rating and raised their price target for the stock from $21.00 to $26.00 in a research note on Thursday, February 6th. StockNews.com started coverage on Triumph Group in a report on Thursday. They set a "hold" rating on the stock. Wolfe Research lowered shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. Robert W. Baird reiterated a "neutral" rating and issued a $26.00 target price (up from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Finally, Baird R W cut Triumph Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to MarketBeat.com, Triumph Group currently has a consensus rating of "Hold" and an average target price of $18.88.

Insiders Place Their Bets

In related news, CAO Jennifer H. Allen sold 35,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total value of $886,200.00. Following the sale, the chief accounting officer now owns 51,696 shares in the company, valued at $1,308,942.72. This represents a 40.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.31% of the stock is currently owned by company insiders.

About Triumph Group

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aircraft, aircraft components, accessories, subassemblies, and systems worldwide. It operates in two segments, Triumph Systems & Support, and Triumph Interiors. The company offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, control system valve bodies, landing gear actuation systems, electronic engine controls, landing gear components and assemblies, cyber protected process controllers, main engine gearbox assemblies, geared transmissions and drive train components, main fuel pumps, fuel-metering units, primary and secondary flight control systems, and vibration absorbers.